HORAN Wealth LLC Sells 81,125 Shares of Citizens Financial Group, Inc. $CFG

HORAN Wealth LLC reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 50.0% in the second quarter, Holdings Channel.com reports. The firm owned 81,185 shares of the bank’s stock after selling 81,125 shares during the quarter. Citizens Financial Group makes up 0.7% of HORAN Wealth LLC’s holdings, making the stock its 28th biggest holding. HORAN Wealth LLC’s holdings in Citizens Financial Group were worth $5,689,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its holdings in shares of Citizens Financial Group by 319.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after buying an additional 323 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Citizens Financial Group in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in Citizens Financial Group during the first quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. bought a new position in Citizens Financial Group during the second quarter valued at approximately $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $29,000. 94.90% of the stock is currently owned by institutional investors.

Insider Transactions at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CFG. JPMorgan Chase & Co. boosted their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. UBS Group increased their target price on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Cantor Fitzgerald lifted their target price on shares of Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Jefferies Financial Group upped their price target on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Stephens raised their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $70.81 on Monday. The firm has a market cap of $29.82 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.66. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The business has a 50 day moving average price of $71.48 and a 200-day moving average price of $65.81.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is presently 39.91%.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.